In this blog I have warned the readers countless times not to buy property in Thailand. After reading two articles in pattayadailynews.com I know that I have not been wrong warning you.
The pitfalls are so many and so serve that you might wonder if there is any safe way to actually own a property in Thailand? It is all about the land document and if someone steals or take a copy of the dead you can lose your property. How many people just leave the dealings with renting and selling the property with some broker in Thailand that is not even licensed? (There is no licensed or certified property agent in Thailand)
The risk of getting caught in Thailand is so small in economic crimes and the profit of doing a crime like this is so big and with big profit you can buy big protection. People do not care anymore if they fraud someone it is part of the system and they do not even think about getting caught. The court cases sometimes lasts for five years or more and if you feel the verdict is bad for you, just flee the country. If the criminal is Thai and the victim is foreigners then the chance of him ever winning the case in court is very small.
Property Agents have often very little to lose since they seldom have an office or even a company behind them. Only a few property agents make it to the top because they managed to sell one or a few houses. The rest of them are just small sharks waiting to make it to the top but most of them never will. Sometimes the temptation for the fast money get to big and when some good hearted seller give them too much trust the temptation just get to big.
If you still want to buy properties in Thailand despite what I have said then please read these exxlent artciels and get a head start of the cheating Thai property agents.
